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First International Bank & Trust Purchases MineralTracker and Krown Energy Group

First International Bank & Trust (FIBT) is proud to announce the purchase of Krown Energy Group, proprietor of leading mineral management software, MineralTracker. In addition to mineral management software and services, Krown Energy provides mineral appraisal and brokerage. This merger positions FIBT Mineral and Land Services as one of the most comprehensive mineral service providers in the country.

MineralTracker provides an easy to use platform for mineral owners to organize, map and track wells, audit royalty income, and forecast future revenue and production. It is the only mineral management software allowing owners to project royalty income based on well performance and a proprietary Bakken-specific reservoir model built by petroleum engineers.

Based in the heart of the Bakken, First International Bank & Trust has provided mineral management services for decades. This merger offers a single clearing-house for all issues facing mineral rights owners. “As a mineral rights owner, you need an ally now more than ever before. With MineralTracker and FIBT, you have a team to manage your mineral interests and royalty income; offer advice on current market conditions and what to expect in the future,” says Cathrine Grimsrud, FIBT Mineral and Land Services Director. “Our management, appraisal, and brokerage services coupled with the MineralTracker software best positions our clients to build and preserve their wealth.”

Watford City-based Krown Energy Group was founded by Joel Brown and Jeff Kummer to help mineral and non-operating owners take control of their oil and gas interests by partnering with them to unlock the full potential of their assets. “Mineral rights ownership can be complicated. From the beginning, our goal at MineralTracker has been to make the most of those rights for our customers by simplifying the management process. That goal is realized in this merger. Our extensive field experience compliments FIBT’s expertise, providing clients the peace of mind their assets are being managed holistically,” says Joel Brown, MineralTracker Partner. Brown will transition to the role of Mineral Services Manager at FIBT.

Stephen L. Stenehjem, First International Bank & Trust Chairman and CEO, says of the merger, “energy is a driving force of North Dakota’s economy. FIBT’s Mineral & Land Services helps guide that force by putting power back in the hands of the families who own these precious natural resources. We’re elated to welcome the folks at MineralTracker to the FIBT family and excited to steer this partnership while the Bakken continues to thrive.”

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